JPMorgan Chase & Co. lowered its stake in shares of Reis, Inc (NASDAQ:REIS) by 2.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,459 shares of the business services provider’s stock after selling 219 shares during the period. JPMorgan Chase & Co. owned approximately 0.06% of Reis worth $134,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Martingale Asset Management L P boosted its stake in shares of Reis by 1.0% in the first quarter. Martingale Asset Management L P now owns 10,501 shares of the business services provider’s stock valued at $188,000 after buying an additional 101 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of Reis by 6.5% in the first quarter. Bahl & Gaynor Inc. now owns 63,966 shares of the business services provider’s stock valued at $1,145,000 after buying an additional 3,905 shares during the last quarter. State Street Corp boosted its stake in shares of Reis by 5.1% in the fourth quarter. State Street Corp now owns 114,542 shares of the business services provider’s stock valued at $2,550,000 after buying an additional 5,559 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Reis by 81.5% in the first quarter. Advisors Asset Management Inc. now owns 25,828 shares of the business services provider’s stock valued at $462,000 after buying an additional 11,598 shares during the last quarter. Finally, Cowen Prime Services LLC boosted its stake in shares of Reis by 43.3% in the first quarter. Cowen Prime Services LLC now owns 508,700 shares of the business services provider’s stock valued at $9,106,000 after buying an additional 153,800 shares during the last quarter. 60.43% of the stock is owned by institutional investors and hedge funds.
Reis, Inc (NASDAQ:REIS) opened at 18.35 on Friday. The firm has a 50-day moving average of $20.45 and a 200 day moving average of $19.47. The company has a market capitalization of $211.25 million, a price-to-earnings ratio of 183.50 and a beta of 1.08. Reis, Inc has a one year low of $16.90 and a one year high of $23.63.
Reis (NASDAQ:REIS) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. The firm had revenue of $11.71 million during the quarter, compared to analyst estimates of $12.20 million. Reis had a net margin of 2.49% and a return on equity of 1.20%. Equities research analysts predict that Reis, Inc will post $0.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Wednesday, June 7th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Monday, June 5th. Reis’s dividend payout ratio is currently 680.07%.
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REIS has been the subject of several research reports. B. Riley restated a “buy” rating and issued a $26.00 price objective on shares of Reis in a report on Thursday, August 3rd. Zacks Investment Research lowered shares of Reis from a “hold” rating to a “sell” rating in a report on Friday, May 12th. Finally, TheStreet lowered shares of Reis from a “b-” rating to a “c+” rating in a report on Friday, August 4th.
In other news, COO William Sander sold 5,000 shares of the business’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $20.75, for a total transaction of $103,750.00. Following the completion of the sale, the chief operating officer now directly owns 167,736 shares of the company’s stock, valued at $3,480,522. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.60% of the stock is currently owned by insiders.
Reis Company Profile
Reis, Inc (Reis) is engaged in providing commercial real estate market information and analytical tools to real estate professionals, through its Reis Services subsidiary. The Company operates through Reis Services segment. It maintains a database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the United States.
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